[ANN] [ICO] Golden Fleece GFL - Mega Mining Datacenter 100% Green Energy! Part2

[goldenfleece]

Golden Fleece ICO

The Greek-Georgian myth of Argonauts tells how precious
Gold has been collected with the golden fleece of ram.
Today we do mining of precious cryptocurrency.

Website: https://www.goldenfleece.co/
Bitcointalk: https://bitcointalk.org/index.php?topic=2040790.0;all
Whitepaper: https://goldenfleece.co/-/~/m/u/ck/files/White%20Paper%20(v_%202_04).pdf
Facebook: https://www.facebook.com/GoldenFleeceToken/
Slack: https://join.slack.com/t/golden-fleece/shared_invite/MjM1MDIyMzcyNTYyLTE1MDQyNjY4ODYtODVmNTBiMzQxMg
Linkedin: https://www.linkedin.com/company/18163595/
Twitter: https://twitter.com/GoldenFleece_co

The Golden Project

$40 million capital target. Mining capacity is set to be around
2.6 TH/s for Ethereum*. Invest in mining with absolute advantage!
Become part of the legend!

* Actual hashing power is expected to be higher, as new hardware installations will always consider the most powerful and most profitable units available at the day of purchase. Due to our combined purchasing power of all investors we're in the position to make preferential deals with the most respected mining equipment developers (for example through our team in Singapore).

• The Golden Fleece project anticipates to build cryptocurrency mining datacenter.
• The initial mining operation already started at Tbilisi Free Industrial Zone
• Expansion Stage I will be on the land of Colchis, at the Black Sea coast in Georgia.
• Fundraising through ICO with the GFL ERC20 token.
• No need to buy hashing power contracts with unknown outcome and maybe a profit after 12 months.
• Stay liquid. Tokens can be traded back into crypto at market rate.
• Have direct control over your profits.
• 50% of mining profits are distributed to GFL token holders.
• 50% of mining profits are used for updating hardware to increase profitablity.

Currently there are only 20 million GFL ERC20 tokens for sale for the next stage of development.

We cannot guarantee the token price will stay at its current value for future fundraising rounds. The price might go up according to mining efficiency

With the GFL token you become a share holder of the most transparent and fairest mining model. You will receive a share of all mining profits according to the amount of tokens in possession. There is a minimum amount of GFL tokens to possess in order to participate in profit share, due to handling complexity (a new lower number will be announced soon). As a single miner, making a profit is difficult and a lot of work. As a huge group combining forces and purchasing power we can get the best deals, latest hardware before it is available for the mass market and mine at industrial level.

Would that make GFL a security?
Yes. A token or coin that offers a share of the profit of a company is considered being a security by the SEC. GFL is following Georgian law and regulation in order to fulfill all legal requirements.

Why Georgia?

Cheap electricity: 0.05-0.06 USD per kW/h.
Green energy: around 80% of electricity in the country produced from hydro power plants.
Blockchain and mining-friendly legal environment:
Successful operation of Bitfury with over USD 100 million investment in Georgian mining operations.
One of the top local banks (Liberty Bank) offers Bitcoin, Litecoin and Ripple trading platform.
Mature to blockchain technology Government: The State Public Registry of Georgia operates on blockchain provided by Bitfury.

Currently most hashing power is concentrated in China. If Bitcoin is a truly decentralized technology and spirit, we have to approach alternative ways to make mining outside of China profitable as well. We at Golden Fleece see a responsibility. If Bitcoin with blockchain is the technology of the future, and there is no doubt about that, and if this is true for our planet as a whole, then we have to maintain a healthy balance. Georgia offers one of the few places on this planet predestined for mining (see advantages above). As engineers and Bitcoin enthusiasts we decided to do our part, what we can do best to support the future development of this new ear - and that is managing mining. We are not blockchain developers. We are not designers. Our publications are not the most beautiful ones out there. We are damn good engineers. We get things done. Mining is what we do best. And we want to do it with you!

Development plan

Establish crowdfunded mega cryptocurrency mining datacenter in West Georgia where the major producers of electricity are located.
Raise USD 40 million via several stages of ICO of the Golden Fleece token (GFL).
Allocate 5,000 m²  of land plot purchased recently for cryptocurrency mining purposes.
The mega mining datacenter is supposed to consume as much as 20 MW electricity and Golden Fleece is in negotiations with a British partner to build solar or wind power stations for own consumption.
 

Wider picture

Mining diversification: Different types of equipment for mining variable cryptocurrencies will be used. Ethereum and other GPU compatible altcoins will have a large share, however we also install ASIC miners.

Backup in other country: After the successful ICO, we finalize negotiations with our partners in Singapore and make strategic preparations to build the mining datacenter in Singapore. Feasibility study continues and final decision on backup location to be determined on ICO II stage.
 
Mega mining datacenter development in Georgia will last three to four months from the day of the start of construction, including connection to grid. Smaller mining activities are currently ongoing and increase from day to day. We aim to start mega mining from February 2018. For further details and numbers please visit our homepage.

Achievements to date:
• Operation of a pilot mining datacenter at Tbilisi Free Industrial Zone.
Link of video proof: https://www.facebook.com/GoldenFleeceToken/videos/483352885378362/
• Operation of a mining showroom for local investors.
• Purchased land plot for mega mining datacenter.
• Total investment of own funds: USD 200,000.
• Several large scale investors are already contributing. ICO participants can be 100% sure, that the mining centers will be built. The more participation, the faster and bigger GFL can expand.
• Several interviews of CEO on Georgian TV stations.
• Please join our first bounty campaign to spread the word.

Project owner: Pargo LLC; ID: 406035017.
Registration place: Tbilisi, Georgia. Date of Incorporation: 09/29/2010.

For further details please feel invited to join GFL’s SLACK group, where the GFL team will help you answer any questions posed by your local community.

Welcome to the Golden Fleece Team! Crypto mega mining operation. Become a profitable miner!

Meet the team: https://goldenfleece.co/

Join our bounty campaign. Spread the word!

https://bitcointalk.org/index.php?topic=2148860

[1714147013]

1714147013

[goldenfleece]

Selected list of 3rd party publications about Golden Fleece
Sorting: Latest at the top.

Listing:
https://www.coingecko.com/ico/golden-fleece?locale=en
https://www.coinschedule.com/projects/1278/golden-fleece-token-ico.html
https://icotracker.net/upcoming
https://www.smithandcrown.com/icos/
http://icochecker.com/ico-coming


Article:
http://www.techbullion.com/interview-vakhtang-gogokhia-ceo-profitable-green-mining-based-project-golden-fleece/
http://forbes.ge/news/2687/Golden%20Fleece%20Token%20-%20first%20Georgian%20cryptocurrency
https://www.reinisfischer.com/invest-georgia-first-georgian-crypto-currency-golden-fleece-token-ico
http://forbes.ge/news/2683/pirveli-qarTuli-kriptovaluta
https://www.coinspeaker.com/2017/08/08/golden-fleece-project-ready-expand-ambitous-altcoin-mining-ecosystem/
http://www.the-blockchain.com/2017/08/08/golden-fleece-project-expand-massive-altcoin-mining-ecosystem-token-sale/
https://www.cryptoninjas.net/2017/08/08/golden-fleece-project-launching-new-altcoin-mining-ecosystem/
http://www.bm.ge/ka/article/quotoqros-sawmisiquot---pirveli-qartuli-kriptovaluta/13217

Youtube:
https://www.youtube.com/watch?v=Mmc6MVDci6A&feature=youtu.be
https://www.youtube.com/watch?v=Toh05LUuE3I
GFL YT channel: https://www.youtube.com/channel/UCOVO3XlMhqeK9fLLEzUAc7g

[Andeze17]

What were the details regarding the first stage of the ICO?

[goldenfleece]

What were the details regarding the first stage of the ICO?

We conducted a token sale during August. There were a few tokens available for few days only for very early investors at and equivalent of $0.20 to raise a small amount to get started. Around 268,000 tokens sold for that price. That is only 1.3% of the tokens available in this round and should not have a significant impact on the price in the future. The main reason for naming this post 'Part 2' is, that GFL moved from a Waves token to an ERC20 token. We're improving constantly. Besides that the main token sale in August had the same price as it is today. Response was not so high, because our website and White Paper were not good enough to convince ICO investors, that GFL is a solid business. We have a lot of positive response from local investors, because they cann meet us in person and see the progress. By now we invested a lot of time and effort to make everything better online and we continue to do so. The progress to date should demonstrate, that we're really serious and highly capable of running this mining business. Nobody missed out. It's still early to invest in GFL, hence the expected profits is the highest when investing now.

[Masonhoff]

Mega Mining Datacenter 100% Green Energy! Part2... so where is Part1?

[goldenfleece]

Mega Mining Datacenter 100% Green Energy! Part2... so where is Part1?

Well, it's here on bitcointalk. When you look into our account you will find the following post: https://bitcointalk.org/index.php?topic=2040790.msg20311028

We're not necessarily proud of that one and the response was accordingly. But we used the feedback to become much better. As stated above, we're ingeneers, we get things done that we can touch, and not the best marketers when it comes to online marketing outside of Georgia. So we added a few people to our team to fill these gaps. And now our progress can speak for itself. You can actually see the first building, the first mining rigs, many people involved in construction on the ground, and so on and so forth.

[Retired]

Will you have a signature campaign?

[gerrymichaels]

To me, it's not that important that the white paper was not as well written as it could be.  Your business fundamentals seem strong. I like that you're invested in the company and in building a business. 

I worry a lot about ICOs of other companies that are just too slick - sure sign of scam. 

Can you tell me if the funds raised counter on your website is updated?  It sounded from the post earlier that you guys are getting local investors, and I don't know if those funds are reflected on your online counter.

[goldenfleece]

Will you have a signature campaign?

Hi @Retired, please see our bounty thread and ask your question there. Currently a signature campaign is not planned, but could be adopted in the future.

[goldenfleece]

To me, it's not that important that the white paper was not as well written as it could be.  Your business fundamentals seem strong. I like that you're invested in the company and in building a business. 

I worry a lot about ICOs of other companies that are just too slick - sure sign of scam. 

Can you tell me if the funds raised counter on your website is updated?  It sounded from the post earlier that you guys are getting local investors, and I don't know if those funds are reflected on your online counter.

Thank you for your feedback!
GFL indeed has the advantage to offer a solid business model. Some ICO's might have a higher ROI, but really the associated risk and stress involved in investing in such projects is no match and should be only approached by the highest risk investors and only with money you really can afford to lose. GFL is different.

For most people the best investment strategy would be a buy and hold. We at GFL want to offer a better alternative.

You invest in crypto, you get crypto back. That means you're not losing out on potential future gains of crypto compared to fiat currency. Over time your crypto holding increases. With buy and hold you have 1 ETH today and 1 ETH in 1 year. If ETH is $600 or $1,200 by then you made a good profit. However, with GFL you could have 2 ETH in 1 year. And that with a high level of safety. You're investing in actual tangible concrete and hardware. Not just an idea or a few lines of code that might or might not be worth something. Value increase is a given fact with GFL. Plus, the token can be exchanged any time back to any other crypto or fiat via exchanges. That gives GFL investors several advantages

• Increase of crypto holdings over time at a significant rate
• Safety of principal investment
• Principal investment can be taken out any time (if the token value increases, because more people start to realize the advantages of our model, then even the principal GFL holding increases in value compared to crypto)
• Improving a buy and hold strategy with giving a dividend

If buy and hold is one of the best investment strategies (and it really is), then investing in GFL and holding GFL is even better.

The online counter is indeed not linked to the smart contract, as most of our sales are being done locally in Georgia and through personal meetings. Considering the sales did not yet pick up significantly from the online crowd, we already sold a lot to people who met us in person. Why online sales did not yet pick up so much? Well, maybe most people don't see the advantages of investing with GFL, yet. GFL combines a buy and hold strategy with a constant increase at almost no risk (the mining rigs could burn down, but even then we're insured). All we can say: "Spread the word!"

Please everyone feel free to ask questions.

[bitchips]

I like many things about the project -- cheap energy, green energy, crypto-supportive local community.  All things that are helpful for the mining center!

[Joser1]

As far as I know, at this point, you have a experimental mining facility running , and giving you the first $ mining, is it true? could you said me more about that?.

At this point of the play, do you have enough money to keep it going even without further raise?

Best Regards

[gerrymichaels]

How big is the mining facility now, and how much bigger do you intend to expand after the ICO raise?  Thanks!

[MakersONE]

Hello guys from the Golden Fleece. I read your topic, and do you know what I think?
I really liked your project. Everything is really not as perfect as in many other projects. But you do not hesitate to state this. And it's very cool. Somewhere inside of me appeared a sense of trust in you, so I will happily take part in your bounty-company. I will follow your progress!

[bitchips]

Can you explain what the predicted % returns will be?  On what interval?  And how those will be distributed?  Thanks!

[PikaShuh]

Can you explain what the predicted % returns will be?  On what interval?  And how those will be distributed?  Thanks!

want to ask the same,
well just as prediction still ok for me with reasonable calculations and off course with new update data calculation

Backup in other country: After the successful ICO, we finalize negotiations with our partners in Singapore and make strategic preparations to build the mining datacenter in Singapore. Feasibility study continues and final decision on backup location to be determined on ICO II stage.

want to ask this one too, are you sure want to build ICO and make business in singapore? as far as i know, this country has strict reggulations for investment after some bad financial cases happen to them, so they want to make clean and transparant as possible
just like amerika and china and also rusia already ban ICO in their country or at least temporary until new regulation approve.. CMIIW

[bigcash2011]

Why this Ann thread is not active and no representative is answering questions? i see GFL tokens transferred a lot recently, they are also listed on etherdelta, what is the final funding stats after ico? and is everything good?

[Guli]

Hello! On the streams, everyone is silent, but the tokens are coming. What are the prospects for the campaign, someone will tell me?

[joitheaddiapir]

What are you doing here?

[wateryannulus]

Let us take the opportunity to invest in this great project. In addition to a promising and necessary branch in the new times, the Team is committed to take us very far with